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23-11-2018 12:57

Unemployment rate to 7.8% in 3rd quarter of 2018

According to the results of the Labour Force Survey, the labour force in the 3rd quarter of 2018 amounted to 442.456 persons or 63,1% of the population (males 69,1%, females 57,6%), in comparison to 429.128 persons (61,9%) in the corresponding quarter of 2017 (Table 1).

The number of employed persons was 407.728 and the employment rate 58,2% (males 64,2%, females 52,6%) in comparison to 386.408 persons (55,8%) in the corresponding quarter of 2017.

The number of unemployed persons amounted to 34.728 and the unemployment rate to 7,8% of the labour force (males 7,1%, females 8,7%) in comparison with 42.720 persons (10,0%) in the corresponding quarter of 2017.

 

 

Employment (Table 2)

For the age group 20-64, the employment rate was 74,6%. The rate for males was 80,8% and for females 69,0%. In the corresponding quarter of 2017 the rate was 71,9% (males 77,0%, females 67,2%). For the age group 55-64 the employment rate was 62,2% in comparison to 57,8% in the corresponding quarter of 2017.

According to the distribution of employment by sector, the biggest percentage of employed persons was in Services (81,1%), followed by Manufacturing (16,4%) and Agriculture (2,5%). For the 3rd quarter of 2017, the corresponding percentages were: Services 80,7%, Manufacturing 16,7% and Agriculture 2,6%.

The share of part-time employment to total employment was 10,6% or 43.321 persons (males 7,9%, females 13,7%). The corresponding rate for the 3rd quarter of 2017 was 11,9% (males 9,4%, females 14,7%).

86,7% or 353.662 of the total employed persons were employees, of which 14,0% (49.499 persons) had a temporary job. In the corresponding quarter of 2017 employees accounted for 87,3% of total employment of which 16,6% had a temporary job.

 

Unemployment (Table 3)

For young persons aged 15-24 years old, the unemployment rate was 17,0% of the labour force of the same age group (males 20,4%, females 14,3%) in comparison to 24,0% (males 26,7%, females 22,0%) in the corresponding quarter of last year.

As far as the duration of unemployment is concerned, 54,5% of the total unemployed persons searched for a job for a period of less than 6 months, 13,4% for a period of 6-11 months, whereas a percentage of 32,1% were long-term unemployed. The corresponding rates for the 3rd quarter of 2017 were 40,9%, 15,6% and 43,5%.

Table 1

 

 

 

 

Number

 

Percentage (%)

 3rd Quarter2018

 3rd Quarter 2017

 

 3rd Quarter2018

 3rd Quarter2017

Labour Force

 

 

 

 

 

Total

442.456

429.128

 

63,1

61,9

Males

232.099

222.252

 

69,1

67,2

Females

210.358

206.875

 

57,6

57,1

 

 

 

 

 

 

Employment

 

 

 

 

 

Total

407.728

386.408

 

58,2

55,8

Males

215.648

201.251

 

64,2

60,9

Females

192.080

185.157

 

52,6

51,1

 

 

 

 

 

 

Unemployment

 

 

 

 

 

Total

34.728

42.720

 

7,8

10,0

Males

16.450

21.002

 

7,1

9,4

Females

18.278

21.718

 

8,7

10,5

 

Table 2

Employment

Number

 

Percentage (%)

3rd Quarter                  2018

3rd Quarter                  2017

 

3rd Quarter  2018

3rd Quarter 2017

Tot.

Male

Fem.

Tot.

Male

Fem.

 

Tot.

Male

Fem.

Tot.

Male

Fem.

Age

 

 

 

 

 

 

 

 

 

 

 

 

 

15+

407.728

215.648

192.080

386.408

201.251

185.157

 

58,2

64,2

52,6

55,8

60,9

51,1

20–64

392.224

204.637

187.587

374.740

193.146

181.597

 

74,6

80,8

69,0

71,9

77,0

67,2

55–64

63.313

35.394

27.919

58.175

33.115

25.061

 

62,2

71,4

53,4

57,8

67,4

48,6

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sector

 

 

 

 

 

 

 

 

 

 

 

 

 

Agriculture

10.025

7.172

2.853

9.989

7.999

1.990

 

2,5

3,3

1,5

2,6

4,0

1,1

Industry

66.847

55.146

11.700

64.676

52.079

12.596

 

16,4

25,6

6,1

16,7

25,9

6,8

Services

330.857

153.327

177.525

311.744

141.172

170.573

 

81,1

71,1

92,4

80,7

70,1

92,1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Full-time

364.407

198.640

165.768

340.313

182.292

158.021

 

89,4

92,1

86,3

88,1

90,6

85,3

Part-time

43.321

17.009

26.313

46.095

18.959

27.136

 

10,6

7,9

13,7

11,9

9,4

14,7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Prof. Status

 

 

 

 

 

 

 

 

 

 

 

 

 

Self-employed

54.066

34.371

19.696

49.077

30.939

18.138

 

13,3

15,9

10,3

12,7

15,4

9,8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employees

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

353.662

181.277

172.384

337.331

170.312

167.019

 

86,7

84,1

89,7

87,3

84,6

90,2

Permanent

304.163

162.391

141.771

281.295

147.474

133.821

 

86,0

89,6

82,2

83,4

86,6

80,1

Temporary

49.499

18.886

30.613

56.036

22.838

33.198

 

14,0

10,4

17,8

16,6

13,4

19,9

 

Table 3

Unemployment

Number

 

Percentage (%)

3rd Quarter                2018

3rd Quarter                 2017

 

3rd Quarter 2018

 3rd Quarter  2017

Tot.

Male

Fem.

Tot.

Male

Fem.

 

Tot.

Male

Fem.

Tot.

Male

Fem.

Age

 

 

 

 

 

 

 

 

 

 

 

 

 

15+

34.728

16.450

18.278

42.720

21.002

21.718

 

7,8

7,1

8,7

10,0

9,4

10,5

15–24

6.519

3.507

3.012

8.556

4.054

4.501

 

17,0

20,4

14,3

24,0

26,7

22,0

25–64

27.982

12.810

15.172

34.048

16.831

17.216

 

7,1

6,3

8,1

8,9

8,4

9,4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Duration

 

 

 

 

 

 

 

 

 

 

 

 

 

< 6 μήνες

18.927

8.224

10.704

17.479

7.338

10.142

 

54,5

50,0

58,5

40,9

34,9

46,7

6–11 μήνες

4.665

2.677

1.988

6.649

3.014

3.635

 

13,4

16,3

10,9

15,6

14,4

16,7

12+ μήνες

11.135

5.551

5.585

18.592

10.650

7.942

 

32,1

33,7

30,6

43,5

50,7

36,6

 

Note: Figures may not add up to totals due to rounding error.

 

METHODOLOGICAL INFORMATION

Survey Identity

The Labour Force survey (LFS) is conducted in all European Union Member States in accordance with Council Regulation 577/98 of the European Union every quarter. The aim of the survey is the collection of data which are useful in the formulation of policy on labour matters (employment, unemployment) and for pursuing and evaluating of the programs that are applied both by the Government and by the European Union.

Coverage and collection of data

The LFS covers a sample of 3.800 households in all districts of Cyprus, which are allocated according to the number of households that reside in urban and rural areas. For comparability of the results, in all Member States, the survey covers the population of private households only. It does not cover persons residing in collective households (i.e. institutions, homes for the aged, hospitals, monasteries etc.), conscripts on compulsory military service, students who study abroad and Cypriots who work abroad.

The collection of data from the Statistical Service is done with personal interviews and the use of portable computers as well as with telephone interviews.

Definitions

Labour Force / Economically Active Population: The total number of the employed and unemployed persons aged 15 years and over.

Employed: Persons aged 15 years and over who during the reference week worked for at least one hour, as well as persons who had a job but were temporarily absent from work.

Unemployed: Persons aged 15 years and over who comply to the following standards:

• Neither worked nor had a job from which they were temporarily absent during the reference week

• They had actively sought for work, i.e. had taken specific steps during the previous 4 weeks to find work

• They were available to start work within the 2 weeks following the reference week, and or,

• Persons who neither worked nor had a job from which they were temporarily absent, but found a job which will start within a period of at most 3 months

• They were available to start work within the 2 weeks following the reference week

Long-term unemployed: Persons aged 15 years and over who searched for work for a period of 12 months or more.

Inactive: Persons aged 15 years and over who are neither employed nor unemployed.

Labour Force participation rate: The number of persons in the Labour Force for any group expressed as a percentage of the total population in the same group.

Employment rate: The number of employed persons for any group expressed as a percentage of the total population in the same group.

Unemployment rate: The number of unemployed persons of any group expressed as a percentage of the labour force in the same group. 

  

Further information:

Eleni Christodoulidou: Tel.: +35722602142, E-mail: echristodoulidou@cystat.mof.gov.cy

Christophoros Michaelides: Τel.: +35722602154, E-mail: cmichaelides@cystat.mof.gov.cy